The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-03-10
THE B. & 0.
The Officials Mum Concerning
the Transfer.
THE FUNERAL ARRANGEMENTS
The British Dockyards Treachery-
Another One Gone to Canada
Justin MCCARTHY
Nothing to Say.

Garrett, president of the Baltimore 4
Ohio Railway, was seen to-day, but had
nothing to say in regardto the reported
arrangement for the transfer of the
control of that read to q
syndicate representing the Reading &
Richmond Terminal and other com
paniRs. The New York Times contain
ing the statement, which appears to be
authentic, has created sensation here,
The citv.as a corporation is largely in
terested in the Baltimore & Ohio, and
there are private interests which are
opposed to the control of the road
going out of Baltimore hands. The
Baltimore & Ohio road has been looked
upon as a Baltimore enterprise, and
while Garrett has preserved reticence
as to everything that has been rumored
| there are many who fear that there is
truth in the statement published. There
is a conviction here that if the road
shall pass into other hands the express
and telegraph system will go with it.
New YORK, March 9.-The Evening
Post, in its financial article, says the
attention of the street and general pub
lie has been concentrated upon the pro-
gress of the scheme for the amalgama-
ton of half q dozen great railroad
properties, under the control of the
Richmond Terminal syndicate, with so
much skepticism about its success, that
even when it was openly and positively
stated by members of the syndicate that
they had acquired control of the Balti-
more & Ohio, Spectators and others
apparently waited for further develop
ments to show the extent of the whole
scheme, before taking much interest in
the market. The prevailing belief is
that settlement of the telegraph war
will be one of the results of the Jersey
Central, Reading, Baltimore & Ohio,
Richmond Terminal combination. 1t
is acknowledged that the Baltimore &
Ohio would like to part with its tele-
graph property, which in the present
state ofthe war is not paying,
Alfred Sully was applied to by a re-
porter of the Eveni4ag Post to-day for
some statement in regard to the cir
cumstantial reports that the syndicate
represented by him had virtually con-
Guided negotiations with CARROT, of the
Baltimore & Ohio. for the purchase of
the controlling interest in that road
and its dependencies. Sully said he
preferred to say nothing until he could
state something definite; that he was
not yet in a position to do so. When
remarked that he supposed the fact of
purchase was not denied, Sully admit
ted that this was pretty well I'M
derstood, but said he was not
prepared to announce the names of the
parties concerned or the terms of the
agreement.
1t was reported in the street to-day
that the price paid by the syndicate for
Baltimore d Ohio stock was 1925, bat
a well-informed and prominent banker
said he had reason to believe it was not
over $500. A leading bank president,
in commenting on the Importance of
the reported sale, said the railroads re-
presented in the purchasing combina-
ton, or in harmony with them. would
have control of all the anthracite coal
territory in the country. @'ei
Alfred Sully is understood to repre-
sent the interests of Corbin. The Read
ing, Pennsylvania, Jersey Central and
New York Central are all understood
to be parties of the deal. A prominent |
broker remarked to-day that the new |
COuuluhIlOu WOulU represent GQe new
York Central, Erie. Pennsylvania Cen
trail, and Reading & Jersey roads, and |
that these would command the business
coming into New York. In connection |
with the Richmond Terminal and East |
Tennessee, Virginia and Georgia roads, |
the new system would have control of |
nearly all sea coast lines from New
York to Florida, in connection with |
which was the Indianapolis, |
& Western Rail |
road and the subsequent absorption |
BY that road of the Ohio South I'm
Or the making of amicable arrange
ments with that line. The combination
would control all bituminous coal ter
ritory except that covered by the Buf
talo, Rochester & Pittsburg. 1t is un-
1erstood thatnegotiations of some kind
are on foot for the control of the latter
road. 1t is also supposed that the
capitalists interestedin the Adams Ex-
press Company are among the hackers
If the Sully party, with view to &C
luiring control of the Baltimore & Ohio
Express business, as they have acquired
hat of the Reading. AS to the Balti-
more & Ohio Telegraph Line, the syn
1icate would be in position to make
,erms with the Western Union Com
oany if they find this to be to their in